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This airport investor raised $54m on 15 July to allow it to exercise its pre-emptive right to acquire a further 2.9-3.5% stake in Sydney Airport. More importantly, MAp recorded earnings before interest, tax, depreciation and amortisation of $376.3m after incurring $1.8m in one-off expenses. That was up 15.2% on the previous year and roughly in line with earlier forecasts – a good result in a tough year. The shares are up 7% since ...

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